SentinelOne (NYSE:S) Reaches New 12-Month High - Here's Why

Key Points

• SentinelOne shares reached a new 52-week high of $24.45 and were last trading around $24.48, giving the company a market capitalization of approximately $8.55 billion.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $23.64; several firms recently raised their targets, including Oppenheimer to $27.
• The company exceeded quarterly expectations with EPS of $0.08 versus $0.07 expected and revenue of $291.98 million, up 20.6% year over year. However, insiders sold 387,815 shares worth about $7.6 million over the past 90 days.

SentinelOne, Inc. (NYSE:S - Get Free Report)'s share price reached a new 52-week high during trading on Thursday. The stock traded as high as $24.45 and last traded at $24.4830, with a volume of 3889377 shares. The stock had previously closed at $23.76.

Analysts Set New Price Targets

S has been the topic of several recent research reports. Citigroup reiterated an "outperform" rating on shares of SentinelOne in a research report on Friday, August 28th. Wells Fargo & Company boosted their target price on shares of SentinelOne from $16.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Monday, August 17th. Deutsche Bank Aktiengesellschaft set a $24.00 price target on SentinelOne in a report on Monday, August 17th. Citizens Jmp upped their price objective on SentinelOne from $23.00 to $25.00 and gave the company a "market outperform" rating in a research note on Friday, August 28th. Finally, Oppenheimer increased their price target on shares of SentinelOne from $21.00 to $27.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Sixteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $23.64.

SentinelOne Stock Up 3.3%

The firm has a 50 day moving average of $21.27 and a 200-day moving average of $17.67. The firm has a market capitalization of $8.55 billion, a P/E ratio of -24.24 and a beta of 0.77.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. SentinelOne had a negative net margin of 30.95% and a negative return on equity of 15.73%. The firm had revenue of $291.98 million during the quarter, compared to analysts' expectations of $290.24 million. During the same period in the prior year, the company posted ($0.22) EPS. The company's revenue was up 20.6% on a year-over-year basis. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. As a group, research analysts expect that SentinelOne, Inc. will post -0.46 EPS for the current year.

Insider Activity

In related news, CEO Tomer Weingarten sold 114,890 shares of SentinelOne stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $19.89, for a total value of $2,285,162.10. Following the completion of the sale, the chief executive officer owned 1,744,878 shares of the company's stock, valued at approximately $34,705,623.42. This trade represents a 6.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Robin Tomasello sold 21,440 shares of the business's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $19.67, for a total transaction of $421,724.80. Following the sale, the chief accounting officer directly owned 418,423 shares in the company, valued at $8,230,380.41. The trade was a 4.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 387,815 shares of company stock worth $7,595,434. 4.27% of the stock is owned by insiders.

Institutional Investors Weigh In On SentinelOne

Large investors have recently made changes to their positions in the business. Allied Private Wealth LLC purchased a new position in SentinelOne during the second quarter valued at $25,000. GAMMA Investing LLC increased its position in SentinelOne by 29.7% in the second quarter. GAMMA Investing LLC now owns 3,685 shares of the company's stock worth $63,000 after buying an additional 843 shares in the last quarter. Root Financial Partners LLC increased its stake in SentinelOne by 4,582.8% in the 1st quarter. Root Financial Partners LLC now owns 4,355 shares of the company's stock worth $56,000 after buying an additional 4,262 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of SentinelOne by 77.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,538 shares of the company's stock worth $68,000 after buying an additional 1,979 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of SentinelOne during the 4th quarter worth approximately $80,000. 90.87% of the stock is currently owned by institutional investors.

SentinelOne Company Profile

SentinelOne, Inc NYSE: S is a cybersecurity company that develops artificial intelligence-powered software to help organizations prevent, detect, investigate and respond to cyber threats. Its Singularity Platform is designed to protect enterprise endpoints, cloud workloads, identities and other connected assets across an organization's technology environment.

The company's offerings include endpoint protection and detection and response, cloud security, identity security, security operations tools and data management capabilities.

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